Comment on Is it worth investing if I can only contribute $50 a month?
Clent@lemmy.dbzer0.com 1 day ago
Yes. Investing is always worth it unless you have credit card debit.
Set it up to automatically invest into the lowest fee index fund your broker offers.
Tehdastehdas@lemmy.world 1 day ago
The lowest fee ETHICAL index fund. Careless investing is how we got evil corporations.
jagged_circle@feddit.nl 12 hours ago
Can you recommend a single ethical index fund? I’ve been searching for the past decade
13esq@lemmy.world 23 hours ago
Unfortunately, there aren’t many ethics in the world when it comes to money.
Tehdastehdas@lemmy.world 20 hours ago
Several funds in my bank have ESG in the name. en.wikipedia.org/…/Environmental,_social,_and_gov…
Other terms in their fund names: fossil-free, climate, forest, sustainable agriculture.
Their claims about them:
(in Finnish) www.s-pankki.fi/…/vastuullisuus-sijoittamisessa/ (in Swedish) www.s-pankki.fi/sv/…/ansvarsfulla-investeringar/ For machine translation, probably better use Swedish as the source because it shares the Indo-European language family with many of you readers’ target languages, and has more speakers so maybe better translation engine training too.
utopiah@lemmy.world 1 hour ago
Place to start but once you dig into it, it’s not great either. A lot of the evaluations basically boil down to negative externalities, namely making sure that somehow whatever is problematic is NOT accounted for. That’s how plenty of ESGs end up with … other banks as stocks. They “abstracted themselves away” from problems whereas in reality they are funding the problems.
13esq@lemmy.world 17 hours ago
I wasn’t trying to say that ethical funds don’t exist, I’m well aware of them. I was saying that when money is on the line, loyalty and ethics often end up second place.
agent_nycto@lemmy.world 16 hours ago
These are pretty cool and I didn’t know about them! I’m pretty me to investing, do you just look up ESGs or something?
Clent@lemmy.dbzer0.com 17 hours ago
The post didn’t ask for ethical requirements to be included in the advice.
Appending additional personal requirements turns the conversation towards one’s personal soapbox.
Tehdastehdas@lemmy.world 1 hour ago
Not funding companies that destroy the planet and kill people is basic decency, not personal taste.
utopiah@lemmy.world 1 hour ago
Right… everything does have ethical requirements though. As soon as a member of a society does make something that impacts themselves and others it has ethical requirements. Some examples :
Everything, literally everything we do, has ethical requirements. We don’t have to say it because it’s implied.
Now… if you are genuinely curious about the topic I can only recommend en.wikipedia.org/wiki/Ethics_in_mathematics showing that even in the most abstract field, there are ALSO ethical requirements. Nobody can avoid that.